Business | Feb 21, 2025 | 3 min read ‘By 2047, India to become a high-income country’

GDP

#New Delhi
India is set to become a high-income country by 2047 with a projected GDP of $23 trillion to $35 trillion, buoyed by the services sector, a report has said.
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By 2047, the services sector is projected to make up 60% of India’s GDP, while manufacturing will account for 32%, both becoming crucial drivers of economic growth, the report by Bain & Company and Nasscom said. “With nearly 200 million individuals expected to enter the workforce, India has a unique opportunity to drive high-value job creation and unlock significant economic potential,” it said. A sectoral technology roadmap could play a pivotal role in enabling this transformation, it noted. PTI